NYK acquires stake in Mexican car logistics company

The Japanese shipping company NYK has acquired a 30 percent stake in the Mexican auto logistics company CSI (Consorcio de Servicios Internacionales S.A. de C.V.) Group.
"In Mexico, the export of finished cars is rapidly increasing, and a number of automobile companies are making plans to construct and expand plants. In addition, domestic sales are contributing to the country's strong economic performance and expected to grow in the future," NYK said.
"NYK will attempt to accommodate that strong demand by providing total logistics that includes inland logistics and sea transport in cooperation with the CSI Group, which is recognized for its strength in the inland logistics of finished cars," the carrier added.
NYK did not say where it will provide sea transport, but in April another Japanese shipping company, MOL, said it would provide weekly shuttle service with three midsized vessels from
Veracruz to ports in Jacksonville, Fla.; Brunswick, Ga.; Baltimore;
Newark, N.J.; and Davisville, R.I.
William Kerrigan, a Charleston, S.C.-based logistics consultant, told American Shipper earlier this year that it would be difficult for railroads to handle the volume of increased automobiles exported from Mexico to the United States and that manufacturers moving cars from Mexico to the United States would likely use hybrid services, such as rail, short-sea and then rail to go inland.
CSI, based in Monterrey, performs inland transport of finished cars, inland terminal operations for finished cars, harbor loading and unloading, harbor operations, and value-added services such as customs clearance and pre-delivery inspection.